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The Base Erosion and Anti-Abuse Tax (BEAT) Final and Proposed Regulations Issued by Treasury and the IRS in December 2019 – Application to Partnerships

On December 2, 2019, the US Treasury and IRS released final regulations (T.D. 9885) (the Final Regulations) and new proposed regulations (REG-112607-19) (the 2019 Proposed Regulations) for the Base Erosion Anti-Abuse Tax (BEAT) under section 59A of the Internal Revenue Code.  The BEAT was enacted as part of the 2017 US tax reform legislation, referred to as the Tax Cuts and Jobs Act (TCJA) (Pub. L. No. 115-97 enacted December […]

January 29, 2020

Washington Tax Insight December 2019

Politics and Congressional Activity The House and Senate both passed a continuing resolution (CR) that extends government spending authority at 2019 levels through December 20th, and the President signed the bill, thereby averting a government shutdown.  Reportedly, budget negotiators have agreed to new budget levels for many government programs, but they have yet to agree on one of the key issues, which is funding for the President’s proposed border wall. […]

December 4, 2019

Crain’s New York Business: Thriving in the Evolving Private Equity Space

Read this article at Crain’snewyork.com or Download a PDF. The world of private equity is not what it used to be. A period of historically low interest rates continues to push investors out of public markets to seek better returns elsewhere. The steady inflow of buyers into the private equity space has made acquisitions more expensive, increasing the pressure on general partners to pick winners. A glut of data and […]

November 26, 2019